Brussels, 11/12/2014 (Agence Europe) - The European Commission has extended until 15 June 2015 the transitional period during which banks exposed to the central counterparties (CCP) of third countries with legislation not equivalent to the relevant European law will not be subjected to additional capital requirements.
“Since the process of authorisation and recognition (of the equivalency of the European and third-country central counterparties) takes time, and in order to ensure a level...